business line comfort & insulation - corporate.evonik.com and... · february 2016 • global...
TRANSCRIPT
Page 2
Evonik Group
22 Business Lines grouped in 3 segments
2015 financials; Business Lines ranked by turnover
Nutrition &
Care
Resource
Efficiency
Performance
Materials
Sales
€4,924 m
Adj. EBITDA / Margin
€1,435 m / 29.1%
Sales
€4,279 m
Adj. EBITDA / Margin
€896 m / 20.9%
Sales
€3,435 m
Adj. EBITDA / Margin
€309 m / 9.0%
Animal Nutrition
Baby Care
Health Care
Personal Care
Household Care
Comfort & Insulation
Interface & Performance
Silica
Crosslinkers
Oil Additives
Coating & Adhesive Resins
High Performance Polymers
Active Oxygens
Silanes
Coating Additives
Catalysts
Performance Intermediates
Acrylic Polymers
Acrylic Monomers
Functional Solutions
Agrochemicals & Polymer Additives
CyPlus Technologies
February 2016
Table of contents
1 Comfort & Insulation at a glance
2 Main applications & technology basis
3 Summary
February 2016 Page 3
BL Comfort & Insulation is the prime partner for
Polyurethane (PU) foam additives
Customers (exemplary)
February 2016
• Global strategic partner of key customers with production in all major regions
• Differentiation by quality, product development, application technology and superior logistics
Business Model
PU Foam end markets
RIGID FOAMFLEXIBLE FOAM
Construction
Appliance
Furniture &
Bedding
Automotive
Seating
Others
Page 4
PU Raw Materials
Polyurethane Foam raw materials
Additives with small volumes but decisive impact
February 2016
Polyols
PU Foam Additives
Flame Retardants
Blowing Agents
Isocyanates
Page 5
Additives
Silicone Surfactants - Foam stabilizer during foam rise,
- Optimize final foam properties
Release Agents - Processing aid to ensure proper
release in industrial processes
(e.g. demoulding)
Catalysts - Catalyze and control basic
chemical reactions
Others - Anti oxidants
- UV stabilizers
- Colorants, …
Function
Re
taile
r / Co
nsu
me
r
Chemicals Formulation Foamers OEMs1)
Furniture & Bedding / Housing Insulation – self-formulating
& integrated into OEM
Automotive / White goods – integrated into OEM
Automotive – not integrated
Source: BL OU, CS-CO-NBD, annual reports1) Direct sales to consumers
Furniture & Bedding – self-formulating, not integrated
Raw materials System Houses
Supply chain for Polyurethane Foams
car
manufacturer
furniture
manufacturer
Silicone raws
February 2016
Comfort & Insulation is operating within a
complex value chain
Page 6
Catalysts, release agents &
other additives
Silicone based surfactants
Top
#1Supplier for
polyurethane foam
additives worldwide
>15%of sales is generated by
products younger than 5 years
>1,500direct customers worldwide
>600tailor-made products
for broad spectrum
of applications in
diversified end
markets
Business Line at a glance
Leading supplier for polyurethane foam additives
worldwide
February 2016
Deliveries to more than
120countries worldwide
Page 7
Singapore
ShanghaiHopewell
Americana
Essen (HQ)
Customer
Service
Technical
Service
Training
CenterProduction
Product
Develop-
ment
R&D
Essen
Hopewell
Shanghai
Singapore
Americana
February 2016
Global production & service footprint
Page 8
Project SiGNAL, China
Shanghai Project Informationi
• Products Silicone specialties
• Capacity double our existing local
capacity
• Start-up 2017
• Integrated „Verbund“ plant for
organomodified silicone specialties serving
Asia Pacific
• Markets: Appliances, home, construction,
automotive, paints & coatings, agro, textile
& industrial applications
• Products for Comfort & Insulation,
Interface & Performance, Coating Additives
February 2016 Page 9
Cold Chain Development
Building Insulation
Rising
income
middleclass
Energy
Efficiency
Environmental Regulation
Automotive Lightweight
Key market trends
Growth drivers of our markets and applications
Additives market growth:
~ 5% p.a.
Improvement of living standards
Page 10February 2016
Table of contents
1 Comfort & Insulation at a glance
2 Main applications & technology basis
3 Summary
Page 11February 2016
Market trends drive growth in major applications
ApplianceCold Chain
Development
AutomotiveAutomotive Lightweight
Building Insulation Construction
Market trend End Market Key application functionalities Product range
Lower energy consumption due to excellent
cell nucleation, emulsification and surface
appearance
Comfort, protection, durability, energy
conservation, reduce fogging and meet VOC
requirements
Energy efficiency management through
maximum insulation efficiency, dimensional
stability, uniform density, and fine cell structure
Silicone Surfactants
TEGOSTAB®
Catalysts
KOSMOS®
TEGOAMIN®
Release Agents
GORAPUR®
Other Additives
TEGOCOLOR®
ORTEGOL®Improvement of living standards
Furniture &
Bedding
Provide comfort by example regulation
temperature and ergonomic demands. Forster the
concepts of well being and safety for demanding
sleepers.
February 2016 Page 12
Strong technology base
Capable to produce unique and individual products
at attractive economies of scale
Interface &
Performance
Personal
Care
Silane & Siloxane
Precursors
Epoxides
Reactive
Siloxanes
Polyethers
Organo-modified
Siloxanes
Formulations &
Application Technology
Comfort &
Insulation
Production Platform
R&D Platform Logistic Platform
Solution-to-Customer Business System
(Nutrition & Care)
Coating
Additives
(Nutrition & Care)
Comfort & Insulation embedded in Evonik’s ORGANO SILICONE
PLATFORM that feeds four Evonik business lines:
(Resource Efficiency)
February 2016 Page 13
Quantities being required to produce 1 m3 of flexible foam with a density of 24 kg/m3
Polyol
Isocyanate
(TDI)
Water
16.4 kg 8.3 kg 0.66 kg
Surfactant Catalysts
0.16 kg 0.066 kg
Typical Flexible PU Foam Formulation
February 2016
PU foam additives
Page 14
VideoWhy a silicone surfactant is essential for flexible
polyurethane foam
February 2016
Surfactants are essential for:
• Emulsification of raw
materials
• Nucleation Support
• Stabilization
Page 15
Example Flexible foam:
High quality mattresses
Major product advantagesIt`s all about well-being & quality
February 2016
• help to reduce of VOC emissions
• ensure broad range of production
techniques and product densities
• provide ideal cellular structure
that allows good ventilation and
heat transfer
• support highest resilience,
durability, strength and comfort
for end products
Over the course of a lifetime, the average person
spends around 200,000 hours on mattresses, sofas,
and chairs.
Our products:
Page 16
Best Process (density reduction)
Den
sity [g
/l]
Past Present
Best Surface (void reduction)
Best Lambda (optimized cell structure)
PU foam
Gasket
Compressor
Example Rigid foam:
Energy-efficient refrigerator
EffectsEnergy saving components
February 2016
Because of the introduction of polyurethanes into refrigerators, models designated
A++ today are 60% more efficient than refrigerators 15 years ago
Page 17
TEGOSTAB ®Surfactant bSurfactant a
Example Rigid foam:
Energy-efficient refrigerator
Surfactants make up about 1%
of the entire system
TEGOSTAB ®
Surfactant a
February 2016
TEGOSTAB ®
Surfactant a
• are helping today‘s formulators to
design tomorrow‘s appliances
• are a small but powerful tool to
improve energy efficiency
• optimize foam processing and
final foam insulation properties
for our customers
• reduce foam cell size and foam
defects
• improve foam flowability
Our products:
Major product advantages
Page 18
Table of contents
1 Comfort & Insulation at a glance
2 Main applications & technology basis
3 Summary
February 2016 Page 19
Summary: Comfort & Insulation has set the course
to continue as successful prime partner for PU foam
additives
• Leading global position with broad and attractive
portfolio of solutions with high value for end
customers
• Close strategic customer relations and innovation
partnerships
• Tailor-made solutions based on deep understanding
of customers’ needs
• Strong growth opportunities by addressing current
trends in the polyurethane foam industry
February 2016 Page 20